TriQuint (TQNT) Clobbered Amid Weak Q4 Guidance, Analyst Downgrade
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- TriQuint (TQNT) Clobbered Amid Weak Q4 Guidance, Analyst Downgrade
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TriQuint Semi (Nasdaq: TQNT) shares are getting beaten-down today following last night's inline Q3 results and Q4 guidance that came in below the Street's estimates. TriQuint's stock most recently traded at $5.90, down more than 27% from yesterday's close.
Likely adding to today's sharp move lower, an analyst at DA Davidson downgraded the stock from Buy to Neutral.
Volume in the name is extremely heavy today: shares have already traded hands nearly 21 million times, which compares to its average daily volume of just 2.9 million shares.
TriQuint Semiconductor, Inc. supplies modules and components for communications applications, as well as offers foundry services to communications companies worldwide.
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